$XMR IS BACK AT THE SELL ZONE โ SHORT 304-314 ๐ฅ
Entry: 304-314 ๐ฅ
Target: 292, 278, 262 ๐
Stop Loss: 336 โ ๏ธ
The current rally is drawing buyers directly into a well-established supply zone between 304 and 314. This area has seen aggressive selling in recent weeks. With liquidity sitting below the swing lows, a rejection here could trigger a fast move toward the first target at 292. Volume is picking up on lower timeframes as price enters the zone, increasing the probability of a sharp reversal. The broader structure remains corrective, suggesting this move higher is a retracement rather than a reversal.
Are you shorting this zone or waiting for a higher entry?
Not financial advice. Always manage your risk.
#XMR #ShortSetup #SellZone #Monero
๐ฅ
Entry: 304-314 ๐ฅ
Target: 292, 278, 262 ๐
Stop Loss: 336 โ ๏ธ
The current rally is drawing buyers directly into a well-established supply zone between 304 and 314. This area has seen aggressive selling in recent weeks. With liquidity sitting below the swing lows, a rejection here could trigger a fast move toward the first target at 292. Volume is picking up on lower timeframes as price enters the zone, increasing the probability of a sharp reversal. The broader structure remains corrective, suggesting this move higher is a retracement rather than a reversal.
Are you shorting this zone or waiting for a higher entry?
Not financial advice. Always manage your risk.
#XMR #ShortSetup #SellZone #Monero
๐ฅ